Page:United States Statutes at Large Volume 39 Part 1.djvu/783

 762 S1x¤’1‘Y.FOURTH CONGRESS. Sm. I. Ch. 463. 1916. ”'°°'-" "¤· shall have authority to gent a reasonable extension of igime, in meritorious cases, for filing returns of income by persons resxding or traveling abroad who are required to make and file returns of mcome · and who are unable to file said returns on or before March first. of m£,§§§?§° E" °°°° °1 each‘yca.1·: Provided further, That. the aforesaid return may be made by an agent when b reason of illness, absence, or uouremdence the person liable for said, return is unable to matke and render the same, the agent assuming the responsibility of making the return and mcur- . cm., ring penalties provided for erroneous, false, or fraudulent return. _ md (c) Guardians trustees, executors, administrators, receivers, conservators, and ali persons, corporations, or associations acting m any ` fiduciary capacity, shall make 8.Dd'1;¢Dd61‘ a. return of the mcome of the person, trust, or estate for whom or which they act, end_   subgect to all the rovisions of this title wluch apply to individuals. °‘°""*“*°°‘ uch iduci slyall make oath that he has suiHcicnt knowledge of the a.f1`a.irs of SIE person, trust, or estate to enable hxm to make such return and that the same is, to the best of his knowledge and belncf, ~ true and correct, and be subject to all the provisions of this title {,'§§’,‘{;,,,,,i,,;,,L which apply to individuals: Provided, That a return made lg one of . v I two or more joint fiduciaries filed in the district where such duciary " resides under such regulations as the Sccrcting of the Treasury may pgiegorine, sh? be a sufficient, compliance wi the requirements of C H . t ' a J mm: mg ¤q¤¤?;'¤>? (d?8§lnFrpgm0m, firms, companies, cogartnczships, corporations, i°“’°“*"°'“‘°"'°"‘b‘ joint-stock com sui ; or associations, an insurance comianies, ex-, . . { cept hs héreinlnfger provided, in whatever capacity acting, aving the ·‘ control, receipt, disposal, or payment of fixed or deberminable annual or    profits, an income of another individual subject to tax, shall 111 beimlf of such person deduct and withhold from the payment an amormt equivalenf to the normal tax upon the same b,S${§'° ”'°’°’ *° and make audrender a return, as aforesaid, but seggrate and distinct, of the portion of the income of each person m which the normal tax has been thus withheld, and containing also the name mm and address of such person 01- stating that the name and address or Appnseium m we- the address, as the case may be, ueimkuown: Provided, That the "“ "°" provision  the normal tax of individuals to be deducted and withheld at the source of the income shall not be construed to require the withholding of such tax according to the two per centum normal tu rate herein prescribed until on and after January first, nineteen hundred and seventeen, and the law existing at the time of the assage of this Act shall govern the amount withheld or to be witheeld No mum if mm at the source until January first, nineteen hundred and seventeen. mummy. That m either case mentioned in subdivisions (c) and (d) of this section no_retug·n of income not exceeding $3,000 shall be required, hmmm exce§>t as H1 tlus title provided. mmm fgzimml _ (e Persons c¤rrym§ on business in partnership shall be liable for mmue. ° mcome tax only in their individual capacity, and the share of the profits of the partnership to which any taxable partner would be entitled if the same were divided, whether divided or otherwise, shall be returned for taxation and the tax paid under the provisions of this mm an wd p1t]e:_Pro·v·ided, That from the net distributive interests on which the ¤,,,,,b.,,_ "“ ° mdivxdual members shall be liable for tax, normal and additional, there shall be excluded their proportionate shares received from interest 011 the obligations of a State or an political or taxing subdivision thereof, and upon the obligations of Jie United States and its possessxons, and all taxes paid to the United States or to any ion thereof, or to any State, county, or taxing subdivision of a State, and M pm t mm that for the purpose of compntmgghe normal tax there shall be allowed 4¤»,p. vw. re credit, as provided by section e, subdivision (b), for their roportionage share of the profits derived from dividends. And sung partnerslup, when requested by the Commissioner of Internal Revenue, or